News
IBPC promotes LCS framework and UPI among UAE’s businesses
Indian Business and Professional Council (IBPC) Dubai and representatives from the National Payments Corporation of India and the Reserve Bank of India showcased significant advancements in digital pa...
Polynome Group plans $100 million fund to drive UAE’s AI startup ecosystem
Polynome Group announced a $100 million fund for AI startup companies starting in the first quarter of 2025. The fund will invest in startups in the fields of technology, AI software applications, and...
AI will shape Dubai’s next 185 years of development
Dubai is well on track to becoming a preferred global AI hub thanks to the concerted efforts of the government in partnership with the private sector in rolling out a slew of initiatives towards integ...
Abu Dhabi features among the fastest growing startup ecosystem
Abu Dhabi has ranked as the fastest-growing emerging ecosystem in the Middle East and North Africa (MENA), marking a 28% growth in ecosystem value in the 2024 Global Startup Ecosystem Report (GSER) by...
Cairo-based startup Sahl raises $6 million
Cairo-based startup Sahl has raised $6 million in Series A and seed funding to act as a one-stop shop for household bills in collaboration with government entities. Ayady for Investment and Developmen...
Cisco launches $1B AI investment fund
Cisco Investments, Cisco’s global corporate venture investment arm, has launched a $1B AI investment fund to bolster the startup ecosystem and expand the development of secure and reliable AI so...
Registration open for Sharjah Excellence Award 2024
The Sharjah Chamber of Commerce and Industry (SCCI) has announced that registration for the new cycle of the Sharjah Excellence Award (Cycle 2024) is now open, with applications being accepted online ...
Fuse acquires DIFC license for digital remittances in the UAE
Fuse Financial Technologies (Fuse) announces the acquisition of its DIFC (Dubai International Financial Centre) licence. With the UAE’s digital remittances market projected to exceed $7.5 billio...
Tenderd raises $30 million in Series A funding round
Tenderd, a global leader in digital transformation for heavy equipment management and operations, has closed a $30 million Series A funding round led by A.P. Moller Holding. The new investors in the r...